FTCO (Fortitude Gold) Moat Score: 2/10 (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FTCO Fortitude Gold Corp FTCO
54 GF Score
Price $4.75
GF Value $1.28
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Fortitude Gold Moat Score?

Fortitude Gold FTCO 54 Moat Score is 2 as of Jul. 15, 2026. GuruFocus rates FTCO with a GF Score™ of 54/100 and a GF Value™ of $1.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,610 Metals & Mining companies, Fortitude Gold ranks better than 83.26% on this metric.

Fortitude Gold has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Fortitude Gold has No Moat: Fortitude Gold Corp operates in a highly competitive mining industry with no significant market leadership or proprietary technology. It lacks durable cost advantages or regulatory barriers to establish a competitive edge.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Fortitude Gold might have No Moat - Very weak/transient advantages.

Fortitude Gold  (OTCPK:FTCO) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Fortitude Gold Moat Score Related Terms

FTCO vs BSAI, PZG, NAMM: Moat Score Comparison

For the Gold subindustry, Fortitude Gold's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortitude Gold Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortitude Gold's Moat Score distribution charts can be found below:

* The bar in red indicates where Fortitude Gold's Moat Score falls into.


FTCO
54GF Score
Fortitude Gold Corp FTCO
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
Fortitude Gold (FTCO) has a Moat Score of 2 as of Jul. 15, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Fortitude Gold ranks #437 out of 2610 companies in the Metals & Mining industry, placing it in the top 16.7%.
Is Fortitude Gold's Moat Score too high?
Fortitude Gold's current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. Fortitude Gold's value of 2 is 100% above this industry median. Based on the distribution chart, Fortitude Gold ranks #437 out of 2610 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortitude Gold has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortitude Gold's Moat Score compare to BSAI and PZG?
According to the Metals & Mining industry distribution chart, Fortitude Gold ranks #437 out of 2610 companies for Moat Score. This places Fortitude Gold in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Fortitude Gold's value of 2 is 100% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,610 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortitude Gold's current Moat Score of 2 is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortitude Gold's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortitude Gold stock overvalued right now?
Based on GuruFocus' analysis, Fortitude Gold (FTCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.28, compared to a current price of $4.75 — trading 271.3% above its estimated fair value. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. Fortitude Gold's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Fortitude Gold (FTCO), the current Moat Score is 2 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortitude Gold (FTCO) Overvalued in 2026?

Based on GuruFocus' analysis, Fortitude Gold stock appears to be overvalued. The current stock price of $4.75 is trading 271.3% above its estimated GF Value™ of $1.28. GuruFocus considers Fortitude Gold to be Significantly Overvalued.

Key valuation signals for FTCO:

  • Moat Score: 2
  • GF Value™: $1.28 vs. price of $4.75 (271.3% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 100% above the Metals & Mining median (#437 of 2610)

No single metric tells the full story. See the FTCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortitude Gold Business Description

Address 723 South Cascade Avenue, Colorado Springs, CO, USA, 80903
Fortitude Gold Corp is a mineral exploration and evaluation company. It mainly explores gold and silver. The company has one reportable operating segment, mining operations, which produces gold for sale to its customers. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.
54GF Score

Get the complete analysis for FTCO

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.75
Price
$1.28
GF Value